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Adcock A/S purchased LRNA Ltd.380,000, 7%, 10-year bonds on January 1, 2018, for 407,968 for FVTOCI. This price resulted in an effective-interest rate of 6%

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Adcock A/S purchased LRNA Ltd.380,000, 7%, 10-year bonds on January 1, 2018, for 407,968 for FVTOCI. This price resulted in an effective-interest rate of 6% on the bonds. Interest is payable annually on January 1. The fair value is 410,000 on December 31, 2018. On April 1, 2019, Adcock sold the bonds for 390,000 Instructions Prepare the necessary journal entries for the investment described above

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